more on oilwell deal - Posted by Melodee

Posted by melodee on July 15, 2002 at 15:17:45:

How come you didn’t post this on creonline?

more on oilwell deal - Posted by Melodee

Posted by Melodee on July 14, 2002 at 22:21:16:

Thanks guys—kinda thot I’d get that response…dump it.
I made a mistake in my posting that the t/b are putting $15K NOT $15 down as option money—bit of difference there!
They are also willing to pay $300-500 more tahn the mortgage payment. The 75% loan by the seller is interest only for 3 yrs so that we can improve the place.
OK with that said—let’s see a show of hands—horror stories or what have you.
As I understand it when I meet with the owner and oil pump guy there is a contract that covers me completely—of course I’d have to take that to my attorney.

you got your answer. - Posted by Anne_ND

Posted by Anne_ND on July 15, 2002 at 09:49:17:


Nothing is more irritating that people who ask for advice, then blythly ignore it and ask for more.

This is not a deal for a newbie. Or rather it is, because from what you’ve described, only a newbie would do it. You don’t even know what to ask in terms of the liabilities here. For your own good, move on.